Big news! As I mentioned last week this was a possibility and about the be a reality. The Federal Housing Administration (FHA) says first time home buyers can apply the new $8,000 tax credit toward the down payment of their home when obtaining the home with an FHA loan. For the median home price of homes for sale in Roseville this is about enough to cover the down payment required by FHA!
The FHA mortgagee letter is on it’s way and I’ll have all the details for you guys in the next couple days…
~ Greg :: Roseville Loan Expert
